In a public burying of the hatchet, Mike Myers, Dana Carvey and director Penelope Spheeris set aside their long-running Wayne's World feud at a reunion screening Thursday night at the Academy’s Samuel Goldwyn Theater in Beverly Hills.

Carvey and Spheeris both notoriously fell out with Myers despite the 1992 film's huge success. Myers is said to have blocked Spheeris from directing the 1993 sequel because she'd ignored his edit suggestions on the original.

And Carvey and Myers, who originated the "Wayne's World" sketch on Saturday Night Live, have never been close.

Carvey is said to have been upset that Myers' Dr. Evil character in Austin Powers bore a striking resemblance to Carvey's impression of SNL creator Lorne Michaels.

But the trio was all smiles at a small reception before the screening, mingling with fellow cast members Rob Lowe, Brian Doyle-Murray, Lara Flynn Boyle and Tia Carrere along with Michaels.

The moderator of the evening’s panel discussion was Academy president Hawk Koch, who also served as an exec producer on Wayne’s World.

Koch took the stage with Myers, Carvey, Spheeris and Lowe as they discussed how the idea of turning a four-minute "Wayne's World" sketch into a feature-length movie came about. (Basically Myers asked Michaels and he said yes.) Myers had never been in a movie before, nor had he even worked on a set.

Part of the discussion centered on how the 21-year old movie still draws a big reception from fans. The night’s panel event, Koch noted, sold out in 90 seconds once tickets went on sale.

Although Wayne’s World ended up grossing more than $180 million at the global box office – Myers recalled meeting with a Paramount exec after the film’s opening weekend who exclaimed, “It’s Ghostbusters numbers!” – it wasn’t initially backed by the studio. “The first note we got back was, ‘I don’t get it,’” Myers said.

When asked their favorite scenes, Michaels hesitated a moment before answering, and Carvey chimed in: “Lorne’s never seen it.”

After a big laugh from the audience, Michaels then went on to commend the comedy’s ultimately uplifting spirit, an appeal that has lasted over the years. “It’s designed in every way to be fun. It has no other agenda,” he said.

Myers and Carvey especially seemed back in sync during a humorous aside they shared on stage after Michaels referred to the comics as monkeys. “People want to see the monkeys because they’re funny, and they occasionally jerk off,” the producer quipped, concluding the panel.

None of the panelists mentioned any history of animosity toward each other, though Spheeris told THR earlier this month that they had all moved on from the feud. "We're all getting too old to be pissed," she said.